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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?

To: James E. Glover who wrote (21254)	11/14/1997 10:01:00 AM
From: topwright	Read Replies (1) \| Respond to of 41046

James, don't be rough on Ol'George, the OBV has shown up negative for better then a week now. That is one reason that T/A can be misleading as it basically reads the transactions on the bid/ask and doesn't look at any other mitigating circumstances. In this case as I have said for the past week or so, much of the bid action can be interpreted as buying, yet the T/A program would pick up otherwise. That is why accurate T/A can only be realized by looking at all the indicators, and even then is up for debate amongst those that put faith in it. I look at it as a reasonable hint of what might be on the horizon when it comes to BB stocks, and then only if volume is present, otherwise it's an exercise in futility. The tape is the best read, period. And right now it leaves no room for debate as to what action is taking place. RB